Organic sales up 4% at Colgate-Palmolive in Q2

Colgate-Palmolive (NYSE:CL) reports organic sales rose 4% in Q2.

The company grew sales in North America by 1% to $770M and by 5.9% in its Europe/South Pacific segment to $873M. Sales fell off in Latin America.

Gross margin rate +50 bps to 58.6%.

SG&A expenses -50 bps to 34.6% of net sales.

CL -0.2% premarket

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